Tag: Plan Sponsors
Transforming Retirement Savings with Auto Portability (Ep. 50)

Transforming Retirement Savings with Auto Portability (Ep. 50)

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What if your 401(k) followed you from job to job as effortlessly as your favorite playlist?

Join host Rebecca Hourihan as she sits down with industry experts Spencer Williams and Neal Ringquist from the Retirement Clearinghouse to explore this game-changing innovation. Discover how the Portability Services Network is tackling the challenge of maintaining retirement savings as employees change jobs, what it took to bring this idea to life, and why it matters to the evolving mobile workforce.

Spencer and Neal discuss:

  • The fascinating journey of auto portability from concept to critical mass and its impact on small account balances (00:01:06)
  • The role of the Portability Services Network and its collaboration with major record keepers like Fidelity and Vanguard (00:05:54)
  • How shifting demographics and technology are reshaping retirement savings behavior (00:08:35)
  • Navigating the mechanical process of auto portability and its implications for advisors (00:12:24)
  • Exploring the significant impact auto portability has on underrepresented communities and reducing cash-out leakage (00:24:56)
  • Vision for the future of Retirement Clearinghouse and upcoming innovations in retirement services (00:27:42)
  • And more

Connect With Rebecca Hourihan: 

Connect With Spencer Williams and Neal Ringquist:

About Our Guests:

Spencer Williams is Retirement Clearinghouse’s Founder, President & CEO and also is the President & CEO of Portability Services Network, LLC. Retirement Clearinghouse is a specialized provider of retirement savings portability and account consolidation services for America’s mobile workforce. Portability Services Network, LLC is a retirement industry-led utility dedicated to the industry-wide adoption of auto portability.

Williams is an innovator, including RCH’s singular innovation, Auto Portability, which was specially designed to help low-income and minority workers. Portability Services Network is built on a foundation of Retirement Clearinghouse’s intellectual property, technology, and operations.

Neal Ringquist is the Retirement Clearinghouse’s Executive Vice President & Chief Revenue Officer and is a member of RCH’s Executive Leadership Team. Ringquist is responsible for the company’s overall marketing strategy and for all institutional sales activities.

Ringquist has been at the forefront of developing and delivering innovative wealth management solutions to the retirement and investment advisory market for more than 25 years. He joined RCH from Advisor Software, Inc. (ASI), where he served as President and Chief Operating Officer for nine years, responsible for the day-to-day operations of this privately held financial technology company. Previously, Ringquist was vice president of sales and marketing for Morningstar Associates, LLC, a registered investment advisor. Earlier, he was executive vice president of sales, marketing, and client service for mPower.com, Inc.(acquired by Morningstar), which established him as one of the early entrants into the online advice movement.

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10 Years of Insights: Advisor Retirement Plan Marketing (Ep. 41)

10 Years of Insights: Advisor Retirement Plan Marketing (Ep. 41)

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Rebecca Hourihan reflects on a decade of retirement plan marketing. She emphasizes the challenges of change, the evolution of marketing strategies from cold calling to leveraging social media, and the necessity of maintaining a visible and professional online presence. Rebecca also touches on the importance of creating tailored content, and discusses the critical role of effective communication, highlighting the need to provide relevant and timely information without overwhelming the audience. 

This episode is packed with insights and best practices for anyone looking to enhance their expertise and authority in the retirement plan community.

Key takeaways include:

  • The inception of 401(k) Marketing and the significance of tailored messaging for plan sponsors and participants
  • The role of clear and honest communication in building trust and avoiding surprises
  • The necessity of adapting to changing marketing trends and leveraging social media for greater visibility
  • Insights into the ongoing convergence of wealth management and retirement plans
  • And more

Connect With Rebecca Hourihan: 

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